Centrelink Unemployed Loans
Small Cash Loans from $200 to $2,000 paid within 60 minutes
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Small Cash Loans from $200 to $2,000 paid within 60 minutes
If you are currently unemployed, but need a small loan, don’t worry we can likely help. We will focus on your ability to maintain a good budget, capacity to repay a loan with us and your credit history. If you are seeking a job, or about to start a new job, we will also take that into account.
If you’ve recently lost your job, still searching for a new job, you may be eligible for receiving Centrelink benefits and qualify for a Cash Direct Small Loan to help you get back on your feet.
Whether you have a surprise bill, or need cash for life’s many surprises, like kids school fees and supplies, car repair, a needed holiday or even a trip to the dentist, Cash Direct is here to help you even if you are currently unemployed.
Cash Direct can also help you buy stuff, that may help you save by paying in cash upfront, or avoid you paying multi-year rental costs. With Cash Direct, it’s better to buy and own than pay rent for something that over years could cost much, much more. Don’t be silly and rent your fridge, washing machine, TV or furniture, pay Cash Direct and save hundreds!
We have cash loans for people unemployed to suit all purposes. As a responsible lender, we will assess each individual customer’s unique circumstances to help them determine the best loan that they can afford. We will ensure your loan repayments do not exceed 10% of your total income. Sometimes a change in how you borrow today, can make a big difference in the long run.
During a period of unemployment, we highly recommend being prudent with your personal budget and you can understand how to save and spend within your means at the Government’s Money Smart Budget Planner website which will set up a Centrelink income and expense budget to help your weekly and month budget.
To apply for an unemployed loan, click here.
Yes, Cash Direct can likely help if you are currently unemployed. They will assess your "ability to maintain a good budget, capacity to repay a loan," and your "credit history". If you are "seeking a job, or about to start a new job," they will also consider this.
Cash Direct offers Small Cash Loans from $200 to $2,000 for unemployed individuals.
For Small Loans ($2,000 or less), there is a 20% establishment fee of the amount borrowed and a 4% monthly fee of the amount borrowed. Repayment terms are up to 3-12 months. For example, a $1,000 loan over 4 months would cost $1,360 total(approx.).
Yes, you can "repay your loan any time without being charged additional fees". Doing so will "reduce your interest and fee cost overall".
Cash Direct highly recommends being "prudent with your personal budget" and suggests using the "Government’s Money Smart Budget Planner website" to help manage your weekly and monthly budget.
Yes, if you've recently lost your job and are "receiving Centrelink benefits," you may qualify for a Cash Direct Small Loan. Cash Direct provides loans for people "receiving Centrelink Benefits", although they are "not affiliated with, or endorsed, by Services Australia".
Small Cash Loans from Cash Direct, which include those for unemployed individuals, can be "paid within 60 minutes" once approved.
You can use the loan for various "life's many surprises" such as an unexpected bill, kids' school fees and supplies, car repair, a needed holiday, or a trip to the dentist. Cash Direct also suggests buying items like a fridge, washing machine, TV, or furniture to avoid higher rental costs.
As a responsible lender, Cash Direct will "assess each individual customer’s unique circumstances" and "focus on your ability to maintain a good budget" and "capacity to repay a loan". They ensure your loan repayments "do not exceed 10% of your total income".
No, Cash Direct is "not affiliated with, or endorsed, by Services Australia". However, they do provide Cash Loans, Personal Loans, and Vehicle loans for people "receiving Centrelink Benefits".
For our Small Loans of $2,000 or less, an APR (Annual Percentage Rate) doesn’t apply. These are fee-based only, and so they don’t have an APR. The establishment fee is 20% of the amount borrowed and the monthly fee is 4% of the amount borrowed.
For example, a loan of $1,000 repaid over 4 months equates to a total payable of $1,360. This is comprised of $1,000
principal (the amount borrowed), $200 establishment fee, and a total of $160 in monthly fees.
For our Medium Loans between $2,001 and $5,000. The base interest rate may vary depending on the loan product. The maximum rate we use is 48% and an Establishment Fee of $400.
Terms for our Small Loans are up to 3-12 months, and for our Medium loans, it is 3-24 months. With each, you can
repay your loan any time without being charged additional fees, and it will reduce your interest and fee cost overall.
Cash Direct Pty Ltd (ACN: 129 259 605; Australian Credit Licence 393862) is a specialist in providing cash loans to its customers when they need it
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